After a short-lived cease fire, the terrorists, the suicide bombings and the drone attacks are back in business. The dilemma is growing stronger with every passing day as the one Pakistan fights for and the one it fights with; both are continuing with their rampage – badly hurting the country’s image, identity, sovereignty and economy.
The Social Policy and Development Centre (SPDC) recently published a report on Social Development in Pakistan citing the security related problem as the single biggest hurdle for Pakistan towards achieving economic prosperity. The report states that the security breakdown creates a vicious circle that triggers economic crisis as well as political instability and governance failure.
The griping security crisis in Pakistan results in higher transaction costs, diversion of resources from productive uses and loss of life, property and investment to trigger an economic collapse. This in turn reduces the efficacy of economic management, which brings in poor ...
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